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Real Estate Activity (Tables) | 6 Months Ended
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Jun. 30, 2022
Real Estate [Abstract] |
Schedule of the Real Estate Owned | Below is a summary of our real estate as of June 30, 2022 and December 31, 2021:
| June 30, 2022 |  | December 31, 2021
Land | $ | 65,421 |  |  | $ | 67,514 |
Building and improvements | 201,998 |  |  | 219,327 |
Tenant improvements | 25,123 |  |  | 21,364 |
Construction in progress | 53,024 |  |  | 51,091 |
Total cost | 345,566 |  |  | 359,296 |
Less accumulated depreciation | (61,870) |  |  | (62,933) |
Total real estate | $ | 283,696 |  |  | $ | 296,363 |
Schedule Of Gain Loss On Sale Or Write-down Of Assets | Gain (loss) on sale or write-down of assets, net for the three and six months ended June 30, 2022 and 2021 consists of the following:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Land(1) | $ | 2,763 |  |  | $ | 5,155 |  |  | $ | 4,752 |  |  | $ | 11,112 |
Multifamily Properties(2) | — |  |  | — |  |  | 9,603 |  |  | 11,441 |
Commercial Properties | 890 |  |  | — |  |  | 890 |  |  | — |
Other(3) | 240 |  |  | (29,600) |  |  | (204) |  |  | (29,600) |
| $ | 3,893 |  |  | $ | (24,445) |  |  | $ | 15,041 |  |  | $ | (7,047) |
(1)Includes the gain on the sale of lots related to our investment in Windmill Farms, Mercer Crossing and other land holdings. (2)On January 14, 2022, we sold Toulon, a 240 unit multifamily property in Gautier, Mississippi for $26,750, resulting in gain on sale of $9,364. We used the proceeds to pay off the $14,740 mortgage note payable on the property and for general corporate purposes. The 2021 amount is attributed to the gain from the sale of a 50% ownership interest in Overlook at Allensville Phase II to Macquarie in 2021 (See Note 10 – Investment in Unconsolidated Joint Ventures) and the gain on sale of various multifamily properties that had previously been deferred (See Note 15 – Deferred Income). (3)The 2021 amount represents a $29,600 loss on remeasurement of the Earn Out Obligation in connection with our investment in VAA (See Note 10 - Investment in Unconsolidated Joint Ventures).

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- Definition Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments. + References No definition available. + Details
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